Appointment Blogs | Compliance Week – Page 104
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European Medicines Agency to relocate to Amsterdam
The European Medicines Agency, which has been based in London since its establishment in 1995, will move to Amsterdam, the Netherlands. The need to relocate is a consequence of the U.K.’s withdrawal from the European Union.
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SEC comments on leasing expected this year-end
If history is any indicator, companies can expect the SEC to begin scrutinizing disclosures about the pending new lease accounting requirements at this year-end.
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Senate once again passes bill to protect whistleblowers in antitrust cases
The U.S. Senate has unanimously passed the Criminal Antitrust Anti-Retaliation Act to extend whistleblower protection for employees who provide information to the Department of Justice related to criminal antitrust violations. The bipartisan measure has passed the Senate the past two Congresses, but has yet to be taken up by the ...
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Migration to simpler goodwill test will be slow, data says
FASB may have given companies a simpler way to determine whether goodwill must be marked down, but not all public companies are rushing to adopt it.
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Staying home to avoid justice?
“Honey, I think we should stay at home for Christmas this year.” This is the line that may well have been said by Marco Polo Del Nero, the president of the Brazilian Soccer Federation to his wife, after having been indicted on money laundering charges, but not subject to extradition ...
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Banks form industry consortium to transform third-party risk management
A consortium of leading financial institutions—including American Express, Bank of America, JPMorgan Chase, and Wells Fargo—announced the formation of TruSight, a company designed to combine best practices and simplify the process of conducting third-party risk assessments of suppliers and partners across the financial services industry.
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Saudi corruption crackdown—uncharted waters in the desert
What does the corruption crackdown in Saudi Arabia mean for investors? Is it positive for the Kingdom of Saudi Arabia in terms of investment dollars? Should investors run toward the Kingdom now or should they shy their investment dollars away? These and many other questions are being debated now. Both ...
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PHH Corporation appoints new chief risk and compliance officer
PHH Corporation has appointed Albert Celini as senior vice president, risk and compliance. Celini will succeed Leith Kaplan and assume the role of chief risk and compliance officer of PHH Corporation, effective Jan. 1, 2018.
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Compliance on the board
The Man From FCPA reveals what expertise is needed on the board of directors when your company is evaluated under the factors set out in Prong Three of the FCPA Pilot Program and the Evaluation of Corporate Compliance Programs.
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Board of directors’ compliance committee
It is incumbent that boards seek out and obtain sufficient information to fulfill their legal obligations and keep their company off the front page of the New York Times, Wall Street Journal, or Financial Times, just to name a few, to prevent serious reputational damage. A board compliance committee is ...
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Obsidian Energy to pay $8.5M for accounting fraud charges
Obsidian Energy said it has reached an $8.5 million settlement with the U.S. Securities and Exchange Commission to resolve accounting fraud charges filed earlier this year.
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MassMutual appoints chief accounting officer and controller
Massachusetts Mutual Life Insurance Company (MassMutual) has appointed Sean Newth as chief accounting officer and corporate controller, effective immediately.
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CBRE Group appoints chief accounting officer
CBRE Group, the world’s largest commercial real estate services and investment firm, has appointed Arlin Gaffner as chief accounting officer.
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SFO charges two in Unaoil investigation
The U.K. Serious Fraud Office this week charged two individuals in relation to the ongoing Unaoil investigation.
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Walmart sets aside $283M for FCPA resolution
Walmart-Stores has recorded an aggregate accrual of $283 million concerning the possible resolution with U.S. enforcement authorities of a longstanding Foreign Corrupt Practices Act case.
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PCAOB reduces budget, accounting support fee for 2018
The PCAOB is reducing its budget in 2018, along with the accounting support fee companies must pay to fund the board’s audit regulatory activities.
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FIFA trial and FCPA implications
From the requirements for an anonymous jury to the talk of “bag men” to the bandying about of some of the top names in sports broadcasting, the FIFA trials happeneing in New York City are proving to be a fascinating case.
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Email Sweeps as continuous monitoring
Monitor, audit, and respond quickly to allegations of misconduct—these are the three components enforcement officials look for when determining whether companies maintain adequate oversight of their compliance programs.